Which of the following is a key characteristic of a zero-based budget?

Which of the following is a key characteristic of a zero-based budget?
A . A zero-based budget provides estimates of costs that would be incurred under different levels of activity.
B . A zero-based budget maintains focus on the budgeting process.
C . A zero-based budget is prepared each year and requires each item of expenditure to be justified.
D . A zero-based budget uses input from lower-level and middle-level managers to formulate budget plans.

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Answer: C